Arizona weekly enterprise., 1887-12-03
ARTICLES OF INCORPORATION
 of the FLORENCE CANAL COMPANY.

FLORENCE CANAL COMPANY.
 We, D. s. Thomas, J M Hurley, Charles Hall, John Vaile, B. K. Garner, R. H. Mar tin, J. H. Wrampelmeir, T. J. .Wrampelmeir, W. k. Stone, W. J. Linville, R. E. Sloan, Thomas Davis, J. D. Rittenhouse and w. N. Crandall, desiring to incorporate ourselves un- der the provisions of the laws of the Territory of Arizona, for the purpose of engaging in and transacting the lawful business pursuit and enterprise hereinafter specified, do adopt these Articles of Incorporation and sign and &C., knowledge the same according to law, and de- clare:
 That the name of the corporators are D. $. Thomas, J. NJ. Hurley, Charles Hall. John Vail,e B. +. Garner, K. H. Martin J. H. Wrampelmeir, T. J. Wrampelmeir, w, R. Stone, W. J. Linville, R. E. Sloan, Thomas Davis, J. D. Rittenhouse and W. N. Gran dall.
 FLORENCE CANAL COMPANY. and its principal place of transacting business shall be Florence, County of Pinal, Territory of Arizona.
 The general nature of the business pursuit, occupation and enterprise proposed to be transacted and engaged in by said corporation is building, constructing and maintaining dams, canals, fumes, ditehes, conduits, reser- voirs, gates, lateral ditches, aqueducts. and such other structures and appliances as may be necess ary or convenient ill damming, col lecting, obstructitg, conducting and regulating the flow of water, to appropriate and pur- chase water and water rights, dams ditches canals. fumes, water ways, franchises and all water appliances, to sell water and the use thereof water rights and privileges, to use md 11rTl1Gh for mining, milling, mechanical domestic or oth- CT beneficial purpose; to acquire by location, purchase or ln any other manner lands and real estate or interest therein, and all other kinds of property, real, personal or mixed, and hold, sell and convey the same; to loan money and borrow money and contract to re- pay the same at such time or times and with such rate or rates of interest as its Board of Directors may see fit; to issue bonds and exc cute mortgages to secure any loans, or for any ot its indebtedness, upon any of it's property hereafter acquired, and to pledge and hy- pothecate any of it's property to pay any of it's indebtedness or secure any loans. And to &C., quire by purchase from the Florence Canal and Land Company, organized March Sth, 1886, and known aud designated and doing business since the 31st day of July, 1886, at which time its Articles of Incorporation were amended the the Florence Canal and Wa ter Company, all of it's water rights, dams, \. franchises and all water privileges, and to ex- tend, enlarge and complete the same.
 III.
 The amount of the capital stock of this cor poraJion shall be Five Hundred Thousand (500 0,000) Dollars, divided into Ten Thousand O,O00) shares of Fifty ($50) Dollars each, and the conditions upon which it is to be paid are as follows, to-wit:
 The whole thereof is to be paid immediately alyi tba 4l subscription for such stock shall be allowed unless at the time of making the same the full amount therefor shall be paid in money or its equivalent.
 Shares of stock of the above mentioned Florence Canal and Water Company shall be deemed an equivalent, and shall be received by thls Corporation as the payment for the stock thereof, at the rate and proportion of Two (2) Shares of the capital stock of the Florence Ca nal and Water Company for One (1) share of the Capital Stock of this corporation. The Stock of this Corporation, when issued upon the above conditions is non- assessable, and the words ''non- assessable is to be printed or written upon same at time of issue ".
 The time of the commencement of this cor poration shall be the day of the fling of these Articles of Incorporation in the office of the Recorder of Pinal County, Arizona Territory, and the termination thereof shall be Fifty (50l years thereafter
 The affairs of this Corporation shall be con ducted in accordance with its bylaws. by a Board of Five (5) Directors to be elected an nuaiy by the stockholders on second (2ndl Tuesady of October of each year. No one shall be eligible to the office of Director who is not a stock-holder of this corporation. VI.
 The highest amount of liability or indebt- edness direct contingent, to which this cor poration is at any one time to be subject shall in no case exceed the sum of Three Hundred Thousand (300, ,000) Dollars. VII.
 The private property of the members of this corporation shall not be liable for the eorpo- rate debts of this corporation. VIII
 The Board of Directors shall have power to establish by laws and make all rules and reg. | uiatioas deemed expedient for the manage l ment of the affairs of this corporation. not inconsistent with the constitution and laws of i the United States and the laws of this Terri | tory.
 In Witness Whereof, we have hereunto set our hands and seals, this 1st day of September | 4. D., 1887.
 D. s. THOMAS, ISealT CHAS. HALL, Seal] J. M. HURLEY, fSeal1 JOHN VALE, iSeaI1 B. F. GARNER. fSeali By his atty in fact, w. N. CRANDALL R. H. MANTIN, TSeall J. H. .WRAMPELMEIR tSeal1